News
Ekun Leaps to The Next Level
Chief Waheed Ekun, the Agbaakin Mayegun of Ibadanland, is a thoroughbred ‘shon of the shoil’ of Ibadanland whose diverse influence transverses all segments of the formal and informal strata of the Nigerian polity, nay worldwide, but in particular that of Yorubaland and succinctly that of Ibadanland which is the main focus of his interest in the leadership of the umbrella body of all indigenous Clubs/Associations/Groups of Ibadanland known as, the Central Council of Ibadan Indigenes (CCII).
It is an accepted fact that sporting activities are about the only aspect of life, globally, with unifying factor when all citizens of a country put aside all their differences and unite as one to support our team/individuals!
Worldwide sporting activities like football and table-tennis attract so much followers and Chief Ekun had, since a very tender age, been involved in one of the prominent grass-root sporting activities, namely Table-Tennis game, he went to the then University of Ife, now Obafemi Awolowo University, to hone his capability to be well acceptable in all global sporting convocations!
Waheed was a champion at all categories of the table-tennis championship events held locally and globally, he went ahead to take on coaching jobs in many countries abroad like Ghana, United Kingdom, United States of America amongst others!
Waheed remains the only Nigerian, nay African, whose write-up on the game of Table-Tennis was accepted to be published in the journal of the International Table-Tennis Federation who later adopted his recommendations as part of how the game was officiated!
His exploits in these sporting activities attracted and are still attracting lots of influence in all circumstances of human endeavours and these are veritable avenues he will definitely explore for the benefit of Ibadanland as much as the need arises!
During all his educational and professional exploits, he came in contact with and made lasting/mutually beneficial relationships which will still be available for the development of Ibadanland!
Waheed is iconic social person with membership of notable associations/groups within and outside the shores of Nigeria. He is a member of the first cosmopolitan club in Africa, the Ibadan Recreation Club, where he served in so many relevant capacities including being the General Secretary of the Club. He is a member of the Ibadan Solidarity Group, which is one of the foremost clubs under the Central Council of Ibadan Indigenes (CCII) where he also served as the General Secretary and eventually as the President after which he was included in it’s Board of Trustees. A crucial aspect of his membership of ISG is the undeniable fact that when he was it’s General Secretary, he got a lot of upward mobile sons of Ibadanland to join the Group which eventually lifted the status of the Group from one which membership was not up to twenty to a level of almost seventy as those he brought in also got others to become members thus strengthening the influence of the Group in the CCII and Ibadanland!
Waheed also is a member of the Jericho Businessmen Club, another formidable Club within the CCII, and to demonstrate his grassroot cleavage, he belongs to Ibidapo Ibidunni Olounje Bodija, an association of market men and women through whose sponsorship he was elected as the General Secretary of CCII, a position on which he brought to bear his wealth of experience thus elevating the GS status beyond the way it used to be considered in the affairs of the CCII!
This caught the attention of the then Executive Governor of Oyo State who appointed him as his Special Adviser On Sports thus giving him the privilege of being part of the governance of the State with the attendant advantage of knowing the workings of the Civil Service at the top which he had and can still exploit for the benefit of CCII as the need arises in future!
It was during the tenure of Waheed as the Chairman, Ibadan Week Celebrations, that a lot of fresh/new ideas were introduced thus lifting the Celebrations to another level never experienced before and equally generating both moral and financial profits to the CCII!
Chief Ekun is now into real estate industry operating under the name Waheed Ekun Properties and he is involved in the totality of the industry: buying, selling and building (commercial and residential apartments) through which business he has been able to build a credible reputation!
Waheed is married to ‘Sunmbo, his childhood heart-throb, and they are blessed with three children, Yetunde, Wareez and Aishat and through Yetunde, he became a grandfather some years ago!
All his veritable exploits in all of human endeavours did not go unrecognized and therefore, he was given an Impact Award_ in recognition of his contributions towards the promotion/development of Ibadanland, particularly the youths, by The Federation of Ibadan Students Union in the year 2009. Also he, as a cultural icon, was appointed a Cultural Ambassador by The Centre For African Culture And Tradition in the year 2010. Equally in the year 2019, the University of Ife made him a role model in pursuant of his attributes as a youth leader!
A complete gentleman with considerable influence in all facets/spheres of the Nigerian polity, it is during the Ileya Eid-Kabir party he holds annually that his wide acceptability is better seen/demonstrated as the creme-de-la-creme of the society always make that occasion a must-attend event, Waheed is a very marketable individual whose brand will bring a lot of developmental milestones, from within and outside Nigeria, to Ibadanland during his tenure as the PG of CCII!
… Assures Prompt Salary Payment
The Sole Administrator of Rivers State, Ibok-Ete Ibas, has announced the release of withheld local government allocations, assuring that necessary steps would be taken to ensure the prompt payment of workers’ salaries.
Ibas disclosed this on Thursday during a meeting with Heads of Local Government Administrators in Port Harcourt, describing the engagement as a crucial step towards restoring stability and progress in the state.
He lamented the economic hardship in the Niger Delta, noting that despite the region’s wealth of natural resources, many of its people continued to suffer.
“This is unacceptable,” he said, stressing the need for transformation and financial accountability.
The administrator expressed concern over the delay in salary payments across local government areas, acknowledging the struggles of affected workers.
“I feel the pain of the workers,” he stated, assuring them that the withheld allocations had been released and that his administration would ensure prompt payment of salaries.
However, he warned that financial discipline would be strictly enforced, directing all local government areas to submit their wage bills with supporting documents through the office of the Head of Service.
Ibas, a retired Vice Admiral and former Chief of Naval Staff, vowed to scrutinise public funds and take decisive action against mismanagement.
“Good governance is not just a slogan; it is a commitment to changing the negative narrative within the next six months,” he added.
He also emphasised the need for collaboration with traditional rulers and security agencies to enhance grassroots security.
“You must take the lead in ensuring security within your domains,” he charged local government administrators.
Reacting, the President of the Nigeria Union of Local Government Employees (NULGE) and Administrator of Port Harcourt Local Government Area, Clifford Paul, commended the Federal Government for appointing Ibas, attributing the decision to his leadership competence.
He urged the administrator to prioritise workers’ welfare, stating that local government workers were currently owed two months’ salaries.
“With the release of the withheld allocations, we are hopeful that workers will receive their entitlements soon,” he said.
Paul further called on stakeholders to seize the opportunity to rebuild trust and foster unity in the state.
President Bola Tinubu has sworn in Vice Admiral Ibok-ete Ibas (rtd.) as the Sole Administrator of Rivers State, following a brief meeting at the Presidential Villa on Wednesday afternoon.
Ibas’ appointment comes a day after Tinubu, in a nationwide broadcast, declared a state of emergency in Rivers State and suspended Governor Siminalayi Fubara, Deputy Governor Ngozi Odu, and all members of the Rivers State House of Assembly.
The President cited Section 305 of the 1999 Constitution as the legal basis for his action, stating that he could no longer stand by as the political crisis in the state escalated.
However, the suspension of Fubara and other elected officials has sparked widespread condemnation. Former Vice President Atiku Abubakar, Labour Party’s Peter Obi, senior lawyer Femi Falana (SAN), the Peoples Democratic Party (PDP), the Nigerian Bar Association (NBA), and several civil society groups have rejected the move, describing it as unconstitutional and undemocratic.
In contrast, the pro-Nyesom Wike faction of the Rivers State Assembly, led by Martins Amaewhule, has praised Tinubu’s decision, accusing Fubara of disregarding a Supreme Court ruling related to the state’s political crisis.
Vice Admiral Ibas, a retired naval officer, previously served as Chief of Naval Staff from 2015 to 2021 under President Muhammadu Buhari. Born in Cross River State, he attended the Nigerian Defence Academy in 1979 and went on to have a distinguished military career, rising to the highest ranks in the Navy.
He is a member of the Nigerian Institute of International Affairs (NIIA) and the Nigerian Institute of Management. In 2022, Buhari conferred upon him the national honour of Commander of the Federal Republic (CFR) in recognition of his service.
Ibas now assumes leadership of Rivers State amid a deeply divided political landscape, with tensions running high over the legality and implications of the emergency rule.
The Federation Accounts Allocation Committee (FAAC) disbursements to the federal, state, and local governments surged by 43 per cent in 2024, reflecting a major boost in government revenue inflows.
According to the latest FAAC Quarterly Review released in Abuja on Tuesday, the Nigerian Extractive Industry Transparency Initiative (NEITI) disclosed that a total of N15.26 trillion was allocated to the three tiers of government within the year under review.
NEITI’s Acting Director, Communication & Stakeholders Management, Obiageli Onuorah, described the disbursements as a historic high, noting that the allocations surpassed previous years by a remarkable margin.
Key Drivers of Revenue Growth
The report attributed the surge in FAAC disbursements to sustained fiscal reforms by the Federal Government, particularly the removal of fuel subsidies and foreign exchange rate adjustments. These policies have significantly boosted oil revenue remittances and overall government earnings.
Speaking at the official release of the report in Abuja, NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, highlighted the impact of these reforms on national and subnational finances. He noted that the withdrawal of fuel subsidies in mid-2023 reshaped revenue distribution and affected debt repayment deductions from state allocations.
Dr Orji stated that the objective of the report was to assess the sustainability of government borrowing, the fiscal implications of resource dependence, and the economic realities confronting states benefitting from the 13% derivation revenue from oil, gas, and solid minerals.
“The analysis focused on crude oil revenue derivation states, as solid minerals continue to underperform despite their significant potential,” he added.
Breakdown of FAAC Allocations
According to the NEITI report, FAAC disbursements in 2024 were as follows:
Federal Government: N4.95 trillion
State Governments: N5.81 trillion
Local Governments: N3.77 trillion
Total FAAC Disbursement (Including Derivation Revenue): N15.26 trillion
State governments recorded the highest percentage increase in allocations, jumping by 62% from N3.58 trillion in 2023 to N5.81 trillion in 2024. Local government councils saw a 47% increase, while the federal government’s share rose by 24% from N3.99 trillion in 2023.
The report highlighted that FAAC allocations grew by 66.2% over three years, rising from N9.18 trillion in 2022 to N10.9 trillion in 2023 and N15.26 trillion in 2024, with the most significant leap occurring between 2023 and 2024.
Economic Risks and Challenges
Despite the revenue boost, NEITI cautioned that economic risks associated with fiscal reforms must be managed effectively. Key risks identified include:
Inflationary pressures
Possible rise in debt servicing costs
Fiscal uncertainty for oil-dependent states
The agency urged governments at all levels to adopt innovative measures to cushion the impact of these economic challenges.
State-by-State Allocation Analysis
Lagos received the highest FAAC allocation in 2024, with N531.1 billion, followed by:
Delta State: N450.4 billion
Rivers State: N349.9 billion
Conversely, the least allocations went to:
Nasarawa State: N108.3 billion
Ebonyi State: N110 billion
Ekiti State: N111.9 billion
The report also showed that six states—Lagos, Rivers, Bayelsa, Akwa Ibom, Delta, and Kano—each received over N200 billion, collectively accounting for 33% of total state allocations. Meanwhile, the six lowest-receiving states—Yobe, Gombe, Kwara, Ekiti, Ebonyi, and Nasarawa—received only 11.5% of total allocations.
Debt Deductions Raise Fiscal Concerns
A total of N800 billion was deducted from states’ allocations for foreign debt servicing and contractual obligations, representing 12.3% of total state allocations.
Lagos State had the highest debt deduction, with N164.7 billion, followed by:
Kaduna State: N51.2 billion
Rivers State: N38.6 billion
Bauchi State: N37.2 billion
NEITI warned that many states with high debt burdens were among the lower FAAC recipients, raising concerns about debt sustainability and overall fiscal health.
With the federal and state governments increasingly reliant on oil revenue, the report emphasized the need for economic diversification, stronger financial management, and sustainable debt practices to ensure long-term fiscal stability.
-
News1 week agoOyo: Oseni Sympathises with Aleshinloye Market Fire Victims, Calls for Government Support
-
Politics1 week ago
El-Rufai Urges Atiku, Obi, Others to Join SDP, Rules Out Merger
-
Education6 days ago
Emmanuel Alayande University Holds 2024/2025 Matriculation March 27
-
News5 days ago
Ido LG APC Hails Oseni on FNSE Conferment
